This paper examines the political economy of the information & communication
technology (ICT) industry in India. A methodological framework is developed that
extends Kayser’s (2007) research on the impact of globalization on domestic politics and merges it with Gritsch’s (2005) theory of ‘soft’ geo-politics of nation-states. This framework captures a policy dilemma wherein policymakers are caught between the twin objectives of enhancing economic growth and improving economic equity. Analysis of the Indian scenario reveals that political parties that overtly supported the ICT industry may have had electoral setbacks. The relative economic affluence of ICT entrepreneurs and professionals in comparison with agricultural and unskilled workers may have
contributed to popular disenchantment with political parties that expressly supported ICT-based development efforts. However, even when the political order was changed, the policy initiatives did not directly reverse the development of the ICT industry. It appears that the substantial impact of the ICT industry on economic growth and government revenues makes it imprudent to follow policies that are not supportive of the industry. Policy alternatives are suggested to enhance ICT-based development efforts in a manner that benefits all sections of society.
|Keywords:||Political Economy, Globalisation, Economic Growth, ICT Sector, India|
Associate Professor in Economics, Discipline of Economics, Faculty of Economics and Business, The University of Sydney, Sydney, NSW, Australia
The University of Sydney, NSW, Australia
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